A stock split means a company divides its existing shares into more shares. The total value of the company stays the same, but investors get more shares for each share they own.
A bonus issue, also known as a scrip issue or a capitalization issue, is an offer of free additional shares to existing shareholders.
Here are a few companies to watch in the coming weeks that have announced bonus shares:
1. Rajoo Engineers Ltd
With a market capitalization of Rs.4,478 crore, Rajoo Engineers Ltd’s share price closed at Rs.364.80 per share on Friday, rising 5 percent from its previous close.
The company has announced a bonus issue in a 1:3 ratio, granting shareholders three additional shares for every one share they hold. The record date for this is set for December 2, 2024.
2. Wipro Ltd
With a market capitalization of Rs.3.02 lakh crore, Wipro Ltd’s share price closed at Rs.579.00 per share on Friday, rising 1.2 percent from its previous close.
The company has announced a bonus issue in a 1:1 ratio, granting shareholders one additional share for every one share they hold. The record date for this is set for December 3, 2024.
3. Consecutive Investments & Trading Co Ltd
With a market capitalization of Rs.67.8 crore, Consecutive Investments & Trading Co Ltd’s share price closed at Rs.84.72 per share on Friday, falling 2 percent from its previous close.
The company has announced a bonus issue in a 1:1 ratio, granting shareholders one additional share for every one share they hold. The record date for this is set for December 6, 2024.
The company has also announced a stock split in a 10:1 ratio, dividing each Rs.10 share into ten Re.1 shares. The record date for this split is December 6, 2024.
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Here are a few companies to watch in the coming weeks that have announced stock splits:
1. Diamond Power Infrastructure Ltd
With a market capitalization of Rs.7,905 crore, Diamond Power Infrastructure Ltd’s share price closed at Rs.1,520.00 per share on Friday, rising 4.85 percent from its previous close.
The company has announced a stock split in a 10:1 ratio, dividing each Rs.10 share into ten Re.1 shares. The record date for this split is December 3, 2024.
2. Eraaya Lifespaces Ltd
With a market capitalization of Rs.3,756 crore, Eraaya Lifespaces Ltd’s share price closed at Rs.1,986.50 per share on Friday, rising 5 percent from its previous close.
The company has announced a stock split in a 10:1 ratio, dividing each Rs.10 share into ten Re.1 shares. The record date for this split is December 6, 2024.
Written by – Siddesh S Raskar
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